[ad_1] Stablecoins are gaining significant traction across Asia as regulators and financial institutions embrace these blockchain-based assets, industry leaders said at Hong Kong’s Web3 Festival this week. While the United States moves toward legislation on stablecoins, Asian markets are developing their own frameworks with Hong Kong at the forefront of regulatory innovation. Market Expansion Beyond USD Dominance The global stablecoin market has reached $220 billion in value, surpassing pre-Terra collapse levels, JD.com Vice President and Chief Economist Shen Jianguang told attendees. Monthly transactions now exceed 700 billion USD, with volume already surpassing traditional payment networks like Visa and Mastercard. JD.com,…
Author: NBTC
[ad_1] Bit Digital, Inc. has secured a lease-to-own agreement for a 202,000-square-foot site in Saint-Jérôme, Québec, to develop a Tier 3 data center supporting its 5MW colocation contract with artificial intelligence (AI) infrastructure firm Cerebras Systems. Cerebras, Bit Digital Partner on Tier 3 Data Center Near Montréal The publicly listed bitcoin mining entity Bit Digital (Nasdaq: BTBT) disclosed that the facility, set to go live by July 2025, will cost approximately CAD $55 million ($40 million USD) to retrofit. The 7.7-acre property, dubbed MTL-3, will initially deliver contracted capacity under a 20-year lease with two 5-year extension options. Bit Digital’s…
[ad_1] The trade war initiated by Trump has rattled global markets, and Jack Mallers, the CEO of Strike, posits that bitcoin stands poised to “go nuclear” when additional fiat currency enters circulation. Mallers: Debasement of Currency Will Propel Bitcoin to Unprecedented Heights Major stock indexes slumped between 2.81% and 5.04% on Thursday in the wake of Wednesday’s afternoon rally. The crypto sector retreated by 3.54%, with bitcoin ( BTC) trading below the $80,000 threshold. Simultaneously, gold gained 2.58% over the past 24 hours, rising to $3,164 per ounce by 2:30 p.m. Eastern Time. In a recent video, Strike CEO Jack…
[ad_1] Ethereum (ETH) plunged over 14% in 24 hours Monday, breaking below critical support zones to trade near $1,541 as a broader crypto market sell-off intensified, reportedly taking Bitcoin below $76,000. What Role Did the $106M Whale Liquidation Play? Adding pressure to the decline, on-chain data platform Lookonchain reported a major whale liquidation. An address holding 67,570 ETH (worth ~$106 million at the time) on the Maker lending protocol was liquidated, likely amplifying the downward momentum. As $ETH plummeted, the 67,570 $ETH($106M) held by this whale on #Maker was liquidated!https://t.co/kXSkKh1H0P pic.twitter.com/IDjzbQ8P3z — Lookonchain (@lookonchain) April 7, 2025 Does Exploding Volume…
[ad_1] Eric Anziani, crypto.com’s COO and President, took the main stage during the ongoing Paris Blockchain Week conference, and spoke about the company’s progress in the past few years, the massive marketing deals, as well as the crypto adoption curve. He believes that the decade-long saying ‘institutions are coming’ to the industry will finally materialize during the current cycle. He added that the most significant catalyst for their arrival was the launch of Bitcoin and then Ethereum ETFs in the United States, as these financial products opened the door for regulated entities to enter the market. The BTC ETFs indeed…
[ad_1] Investors demonstrate strong belief in decentralized finances as Bitcoin holds its position above $80K during market movement. An 18.9% single-day plunge of the VIX became the biggest stochastic drop in history because investors showed growing interest in risk-taking after market fear subsided. The current Bitcoin market sees price levels under $100K as entry points for investors to purchase Bitcoin while they reevaluate previous resistance strength as potential entry points. In a week marked by financial headlines, two major events have caught the attention of global markets: a record-breaking drop in U.S. stock market volatility and Bitcoin’s steady position above…
[ad_1] Today, a dormant Ethereum whale grabbed market attention after making its first transaction in eight years. This long-dormant whale received wide publicity by transferring 11,104 ETH from his cold wallet to on-chain. After 8 years, a dormant wallet moved 11,104 $ETH worth $19.97M.Of this, 247.93 $ETH was sent to #Coinbase and 10,856 $ETH to a new wallet.The whale initially withdrew $ETH for $2.51M from #Kraken and #Gemini, 8 years ago. Currently making a profit of $17.45M.Main:… pic.twitter.com/IU9oqjRxT8 — Onchain Lens (@OnchainLens) April 6, 2025 The awakened Ethereum whale After 8 years, today this dormant whale transferred 11,104 ETH tokens…
[ad_1] Coinbase (COIN) is more than just a crypto trading platform, Wall Street broker Cantor said in a research report Tuesday, initiating coverage of the stock. Cantor assumed coverage of the crypto exchange with an overweight rating and a $245 price target. In early trading, the shares were up more than 5%. “Markets are missing what it is doing beyond trading, particularly with its L2 (Base) and its stablecoin relationship with Circle,” analysts Brett Knoblauch and Thomas Shinske wrote. Coinbase shares are attractive at current levels, as they are trading at around a 32% discount to historical valuation multiples, the…
[ad_1] Lily Liu, President of the Solana Foundation, is looking beyond meme coins to establish Solana as the infrastructure for what she calls “internet capital markets.” In an exclusive interview with BeInCrypto and a presentation at the 2025 Web3 Festival in Hong Kong, Liu outlined her vision for blockchain technology’s role in democratizing financial access. From Meme Coins to the “Everything Chain” “Solana has evolved from being the DeFi chain to the NFT chain, the gaming chain, the payment chain, and recently the meme coin chain,” Liu explained. “When you sum all that up, Solana is the everything chain.” While…
[ad_1] While attending the MIT Bitcoin Expo this past weekend, I was afforded the opportunity to sit down with Timothy Massad, Research Fellow at the Kennedy School of Government at Harvard University and former Chairman of the U.S. Commodities and Futures Trading Commission (CFTC). Massad served as the head of the CFTC from 2014 to 2017, and it was under his leadership that bitcoin was classified as a commodity. In recent years, Massad has shared his thoughts on what regulation around bitcoin and digital assets should look like. He’s appeared on Bloomberg to discuss the matter, and he recently testified…